re: Ann: OEL: Galoc Phase II Drilling Update ... "I wonder what value the market would place on a company with a suite of development and exploration assets."
I'm not sure afawcett, but I'd like to hear some opinions. Let's put all exploration potential to one side and just look at Galoc and Linipacan. Won't know Linipacan of course until the certified reserves come in but $10 a barrel for undeveloped (I don't agree with this figure when oil is $100 , but if that's the way the market values it still then that's the figure) and what is a developed and prodcuing field such as Galoc worth , per barrel?
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